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Shared Office Space Market - In-Deep Analysis Focusing on Market Share

Shared Office Space Market by Providers , Offering, Verticals, and Region - Global Forecast to 2026

  • Report ID : IMR-14656 |
  • Category : Service Industry  |
  • Published Date : January 2021 |
  • Format :   IMR Report Formats   IMR Report Formats   IMR Report Formats

Global Shared Office Space Market Overview

The global shared office space market is valued at US$ 30 billion and is anticipated to reach US$ 105 billion over the forecast period. 

Various businesses and freelancers rent desks and conference rooms in a shared office space in a co-working setting. The advantages are numerous, and they all stem from one important factor: affordability. Smaller businesses can afford office space that they couldn't otherwise afford because multiple tenants pool their money. This opens up the possibility of including different luxuries. Consider the potential for wider outdoor areas and facilities, such as a spa, cafe, and even a climbing wall for staff entertainment. These are especially appealing to small, innovative businesses looking to recruit the best workers.

A key trend affecting the shared office space industry is the creation of sustainable co-working spaces. To draw entrepreneurs worried about environmental concerns such as global warming, shared space is introducing eco-friendly initiatives in the workplace. Shared space providers' sustainable practices have significant advantages and are financially feasible. For instance, CoCoon in Hong Kong has a natural bamboo floor and uses non-toxic paints and LED lighting.

Due to the COVID-19 lockdown, an increase in the number of people working from home or remotely is restricting business growth. For instance, due to the COVID-19 pandemic, several businesses worked from home in March 2020, and shared space operators saw a nearly 50% drop in footfalls. Furthermore, according to a report published in April 2020 by Business 2 Community, the number of people employed remotely has increased by 44% in the last five years, with 7 million people (3.4 percent of the population) working remotely in the United States prior to the arrival of COVID-19.

Shared Office Space : Key Market Dynamics

The rapid mainstream ascension of the shared office space market is fueled by several major trends. The change to remote work is the first of these. Part-time remote work schedules from home or coffee shops are more common than ever before. Though they respect their rights and autonomy, these employees also prefer some of the conventional office perks. They like shared because of the relaxed environment and social opportunities.

According to statistics, rising CRE costs are also contributing to the popularity of the space-as-a-service business model. Companies have started to unload leases that are causing them problems. As a result, co-working firms have taken on financial responsibility. They put a strain on the lease by bringing in more revenue from patrons, while businesses pay a fraction of the expense to ensure that their employees have the space they need. It's a sensible relationship, as shown by the enormous disruption shared office space has created.

The global shared office space market continues to evolve at a breakneck rate, with thousands of networks operating in a variety of sectors around the world, including co-working space. When digital and mobile technology makes it easier to access goods and services on demand, “Access over Ownership” has become a global trend.

Market Segmentation

By Providers, Shared Office Space has been segmented into:

  • Big Brands
  • Independent Brands

By Offering, Shared Office Space has been segmented into:

  • Private Offices
  • Virtual Offices
  • Co-working spaces

By Verticals, Shared Office Space has been segmented into:

  • IT & Telecommunications
  • Retails & Consumer Goods
  • Media & Entertainment
  • Others

Regions and Countries Level Analysis:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
  • Asia-Pacific (China, India, Japan, Southeast Asia etc.)
  • South America (Brazil, Argentina etc.)
  • Middle East & Africa (Saudi Arabia, South Africa etc.)

Players Covered in Shared Office Space market are :

  • JR East
  • Regus
  • OfficeHub
  • Spaces.
  • Starbucks
  • WeWork
  • ShareDesk
  • Spaces

Among these, WeWork leads the industry in terms of the competitive landscape, with over 400,000 members globally and about 43% of sales originating from outside the United States. Regus and Ucommune are the industry leaders, respectively. In 2018, the top three companies in the global shared office space industry accounted for over 48% of the market.

Shared Office Space Demand is expected to rise outside of the primary global city-based markets

Occupants continue to rethink how they use office space, and with commercial real estate prices and the cost of living at all-time highs, many businesses are turning to secondary cities to lower costs and maximize employee affordability. According to Forbes, the fastest-growing markets in the United States (gross metro product) in 2018 were secondary markets Las Vegas, Orlando, and Austin, while in Europe, Manchester and Toulouse topped the UK and French markets owing to increased investment and a growing corporate emphasis.


Frequently Asked Questions :

Table of Content

1. Market Overview of Shared Office Space
	1.1 Shared Office Space Market Overview
		1.1.1 Shared Office Space Product Scope
		1.1.2 Market Status and Outlook
	1.2 Shared Office Space Market Size by Regions: 2015 VS 2021 VS 2026
	1.3 Shared Office Space Historic Market Size by Regions (2015-2020)
	1.4 Shared Office Space Forecasted Market Size by Regions (2021-2026)
	1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth (2015-2026)
		1.5.1 North America
		1.5.2 East Asia
		1.5.3 Europe
		1.5.4 South Asia
		1.5.5 Southeast Asia
		1.5.6 Middle East
		1.5.7 Africa
		1.5.8 Oceania
		1.5.9 South America
		1.5.10 Rest of the World
	1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
		1.6.1 Covid-19 Impact: Global GDP Growth, 2019, 2020 and 2021 Projections
		1.6.2 Covid-19 Impact: Commodity Prices Indices
		1.6.3 Covid-19 Impact: Global Major Government Policy
2. Covid-19 Impact Shared Office Space Sales Market by Type (2015-2026)
	2.1 Global Shared Office Space Historic Market Size by Type (2015-2020)
	2.2 Global Shared Office Space Forecasted Market Size by Type (2021-2026)
	2.3 Office Space
	2.4 Private Desk
	2.5 Meeting Rooms
3. Covid-19 Impact Shared Office Space Sales Market by Application (2015-2026)
	3.1 Global Shared Office Space Historic Market Size by Application (2015-2020)
	3.2 Global Shared Office Space Forecasted Market Size by Application (2021-2026)
	3.3 Office Building
	3.4 Café
	3.5 Traffic Station
4. Covid-19 Impact Market Competition by Manufacturers
	4.1 Global Shared Office Space Production Capacity Market Share by Manufacturers (2015-2020)
	4.2 Global Shared Office Space Revenue Market Share by Manufacturers (2015-2020)
	4.3 Global Shared Office Space Average Price by Manufacturers (2015-2020)
5. Company Profiles and Key Figures in Shared Office Space Business
	5.1 JR East
		5.1.1 JR East Company Profile
		5.1.2 JR East Shared Office Space Product Specification
		5.1.3 JR East Shared Office Space Production Capacity, Revenue, Price and Gross Margin (2015-2020)
	5.2 Regus
		5.2.1 Regus Company Profile
		5.2.2 Regus Shared Office Space Product Specification
		5.2.3 Regus Shared Office Space Production Capacity, Revenue, Price and Gross Margin (2015-2020)
	5.3 OfficeHub
		5.3.1 OfficeHub Company Profile
		5.3.2 OfficeHub Shared Office Space Product Specification
		5.3.3 OfficeHub Shared Office Space Production Capacity, Revenue, Price and Gross Margin (2015-2020)
	5.4 Spaces.
		5.4.1 Spaces. Company Profile
		5.4.2 Spaces. Shared Office Space Product Specification
		5.4.3 Spaces. Shared Office Space Production Capacity, Revenue, Price and Gross Margin (2015-2020)
	5.5 Starbucks
		5.5.1 Starbucks Company Profile
		5.5.2 Starbucks Shared Office Space Product Specification
		5.5.3 Starbucks Shared Office Space Production Capacity, Revenue, Price and Gross Margin (2015-2020)
	5.6 WeWork
		5.6.1 WeWork Company Profile
		5.6.2 WeWork Shared Office Space Product Specification
		5.6.3 WeWork Shared Office Space Production Capacity, Revenue, Price and Gross Margin (2015-2020)
	5.7 ShareDesk
		5.7.1 ShareDesk Company Profile
		5.7.2 ShareDesk Shared Office Space Product Specification
		5.7.3 ShareDesk Shared Office Space Production Capacity, Revenue, Price and Gross Margin (2015-2020)
	5.8 Spaces.
		5.8.1 Spaces. Company Profile
		5.8.2 Spaces. Shared Office Space Product Specification
		5.8.3 Spaces. Shared Office Space Production Capacity, Revenue, Price and Gross Margin (2015-2020)
6. North America
	6.1 North America Shared Office Space Market Size (2015-2026)
	6.2 North America Shared Office Space Key Players in North America (2015-2020)
	6.3 North America Shared Office Space Market Size by Type (2015-2020)
	6.4 North America Shared Office Space Market Size by Application (2015-2020)
7. East Asia
	7.1 East Asia Shared Office Space Market Size (2015-2026)
	7.2 East Asia Shared Office Space Key Players in North America (2015-2020)
	7.3 East Asia Shared Office Space Market Size by Type (2015-2020)
	7.4 East Asia Shared Office Space Market Size by Application (2015-2020)
8. Europe
	8.1 Europe Shared Office Space Market Size (2015-2026)
	8.2 Europe Shared Office Space Key Players in North America (2015-2020)
	8.3 Europe Shared Office Space Market Size by Type (2015-2020)
	8.4 Europe Shared Office Space Market Size by Application (2015-2020)
9. South Asia
	9.1 South Asia Shared Office Space Market Size (2015-2026)
	9.2 South Asia Shared Office Space Key Players in North America (2015-2020)
	9.3 South Asia Shared Office Space Market Size by Type (2015-2020)
	9.4 South Asia Shared Office Space Market Size by Application (2015-2020)
10. Southeast Asia
	10.1 Southeast Asia Shared Office Space Market Size (2015-2026)
	10.2 Southeast Asia Shared Office Space Key Players in North America (2015-2020)
	10.3 Southeast Asia Shared Office Space Market Size by Type (2015-2020)
	10.4 Southeast Asia Shared Office Space Market Size by Application (2015-2020)
11. Middle East
	11.1 Middle East Shared Office Space Market Size (2015-2026)
	11.2 Middle East Shared Office Space Key Players in North America (2015-2020)
	11.3 Middle East Shared Office Space Market Size by Type (2015-2020)
	11.4 Middle East Shared Office Space Market Size by Application (2015-2020)
12. Africa
	12.1 Africa Shared Office Space Market Size (2015-2026)
	12.2 Africa Shared Office Space Key Players in North America (2015-2020)
	12.3 Africa Shared Office Space Market Size by Type (2015-2020)
	12.4 Africa Shared Office Space Market Size by Application (2015-2020)
13. Oceania
	13.1 Oceania Shared Office Space Market Size (2015-2026)
	13.2 Oceania Shared Office Space Key Players in North America (2015-2020)
	13.3 Oceania Shared Office Space Market Size by Type (2015-2020)
	13.4 Oceania Shared Office Space Market Size by Application (2015-2020)
14. South America
	14.1 South America Shared Office Space Market Size (2015-2026)
	14.2 South America Shared Office Space Key Players in North America (2015-2020)
	14.3 South America Shared Office Space Market Size by Type (2015-2020)
	14.4 South America Shared Office Space Market Size by Application (2015-2020)
15. Rest of the World
	15.1 Rest of the World Shared Office Space Market Size (2015-2026)
	15.2 Rest of the World Shared Office Space Key Players in North America (2015-2020)
	15.3 Rest of the World Shared Office Space Market Size by Type (2015-2020)
	15.4 Rest of the World Shared Office Space Market Size by Application (2015-2020)
16 Shared Office Space Market Dynamics
	16.1 Covid-19 Impact Market Top Trends
	16.2 Covid-19 Impact Market Drivers
	16.3 Covid-19 Impact Market Challenges
	16.4 Porter’s Five Forces Analysis
18 Regulatory Information
17 Analyst's Viewpoints/Conclusions
18 Appendix
	18.1 Research Methodology
		18.1.1 Methodology/Research Approach
		18.1.2 Data Source
	18.2 Disclaimer
Tables and figures
Table Main Market Activities by Regions
Table Market Revenue (M USD) and Growth Rate 2014-2019
Table Major Players
Table Market Revenue (M USD) and Growth Rate 2014-2019
Table Major Players
Table Market Revenue (M USD) and Growth Rate 2014-2019
Table Major Players
Table Market Revenue (M USD) and Growth Rate 2014-2019
Table Major Players
Table Market Revenue (M USD) and Growth Rate 2014-2019
Table Major Players
Table Major Production Market share by Players 2018
Table Major Revenue (M USD) Market share by Players 2018
Table Production Market share by Major Regions in 2014-2019
Table Production Market share by Major Regions in 2019-2021
Table Revenue (M USD) Market share by Regions in 2014-2019
Table Revenue (M USD) Market share by Regions in 2019-2021
Table Industry Supply chain Analysis
Table Raw material Prices Analysis 2014-2019
Table Raw material Suppliers Market Analysis
Table Manufacturing Equipment Suppliers Analysis
Figure Production Process Analysis
Figure Production Cost Structure
Table major End Users by Regions
Table JR East Information List
Figure Shared Office Space Picture, Specifications and Applications of JR East
Table Shared Office Space Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of JR East 2018-2019
Figure Shared Office Space Sales Volume and World Market Share of JR East 2018-2019
Table  Regus Information List
Figure Shared Office Space Picture, Specifications and Applications of  Regus
Table Shared Office Space Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of  Regus 2018-2019
Figure Shared Office Space Sales Volume and World Market Share of  Regus 2018-2019
Table  OfficeHub Information List
Figure Shared Office Space Picture, Specifications and Applications of  OfficeHub
Table Shared Office Space Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of 2018-2019
Figure Shared Office Space Sales Volume and World Market Share of  OfficeHub 2018-2019
Table Business Locations
Figure Supply channels
Figure marketing strategy
Table Major Distributors and contact information by Regions
Table Major Customers and contact information by Regions
Table USA Supply, Import, Export, Consumption and Consumption Value (M USD)
Table Germany Supply, Import, Export, Consumption and Consumption Value (M USD)
Table China Supply, Import, Export, Consumption and Consumption Value (M USD)
Table Japan Supply, Import, Export, Consumption and Consumption Value (M USD)
Table India Supply, Import, Export, Consumption and Consumption Value (M USD)
Table World Demand by Regions Forecast Analysis of Shared Office Space (2019-2021)
Table World Price by Regions Forecast Analysis of Shared Office Space (2019-2021)
Table World Price by Types Forecast Analysis of Shared Office Space (2019-2021)
Table World Price by Applications Forecast Analysis of Shared Office Space (2019-2021)
Table World Revenue (M USD) by Regions Forecast Analysis of Shared Office Space (2019-2021)
Table World Revenue (M USD) by Types Forecast Analysis of Shared Office Space (2019-2021)
Table World Revenue (M USD) by Applications Forecast Analysis of Shared Office Space (2019-2021)
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